Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1887-09-16
Mo,,opnt.,.

a
| Ii has heeli the custom, with '!t..it..
gogues 10 charart;.rizr al, strong ',:.si-
! ness ORGANIZATIONS controlling, and t,>i
in their l,u>ine -, !a:c.r ;,n,onn.s 0! c,pi
| tai, as mnnopoli,:s without ANY regard t.
their methods of doing business :$,srl
| pei versi':n .! the .,su OF TIL. ,rI mon.
opoiy is mischirvous. Sn:a!i ns!.l;l,"
turers have learned from sad exptri,:..'>
| that neither the manufacturing nor IL"
ti'ianc a, par. OF the i'.,iI.es's sf pr,..:,.
ing goods and placing tli,tn ;ip, I! { e
market can !,e carried o., ;,t,.s,,,..,iv 1;lv.
ami therefore successfully, with the j :.
tied means 1T their control. This is s..
partly fron t!,v. lack uftile completeness
OF organization, upon Which rcono.t, ri
methods depends and partly from ,,..
OF the credit That commands rapit:il 1T i,
low rate Of Interest. T.n.re is still ,n-
other factor i'll tI!. problem y Aiiich is Goa:
IL i''ut,s; i'N I. " very ones who :lre the
lou'l,:t in their drnuHcations of mo,iu,,-
"''Sts, that o. buying on credit. Farmers
tor instance, will buy machinery at a
OF interest, IN order - hold their wheat
~: speculation. The manufacturer
cnulu nUt raise Il thousand 10! lars on !,
busi'el basket ;uil Of these notes us
collateral, consequently he must have
the enormous capital at the back Of his
nusineSs that is necessary to carry The
farmers uf !, whole state .,r ttrritDrv
y. it these large III ,ilutacturiny estab-
lis;in,ruiS Wcrr an evil. the TURNER'S are
partly rrSpohsinit but the very tuiny
Tia, iiic ::;rl,ur abuses ami looks upon
AS his uppi rssor, con.eh 10 his rescue and
proves to kv his utll.llcipator. That
,'i.'. Is capital, the thing he has Leen
i,isic.! i'y IL 'trnngoSue TO associate with
the word monopoly. A moments intel
lIGcht thought would show him that
monopoly and open competition cannot
rai>: III the s.;ile Tins in the s;,,lc bus
iness when capital is SO abundant rs to
BE- S. ekins investment III any safe busi-
ness That will pay 5 per cent interest
per annun. The amount of capital in II
b',*i''ess las usually but little to do with
the question whether the busil,css is a
monnlmly or not. Monopulies in most
eases rest upon exclusive franchises,
and they are dangerous, and cannot be
guarded Will, too much vigilance. The
Manitobans are brought to II realization
OF this fact in their struggle to emanci-
pate themselves from the burdens of the
t"na''!;tn Pacific monopoly. 70 secure
some present :,"vanta.e: perhaps in the
way of street railroad facilities, cxclu-
sivr franchises are granted, that seem
tritIing IL, ,hc time, but afterwards be-
come worth milIiuus to their owners.
and rest upon the people With crushing
weight. Many of these grants are
wholly ,ht rexul, of Indifference on the
part ni the citizens of clty While
they have slept HE hondler brought in
his work
But capital in open, square comppii-
tinn with other capital is the poor mans
best friend. We see now how it is the
farmers friend Money is LOW going in
to wheat for the sole object If earning Il
moderate interest in the way of set
ting winter storage out of the wheat and
this capital is buying wheat ut Il price
that the present mark cts do not Justify
and price that no body can pay but
the man who commands money at IL low
rate IF interest. THIS is bv no means an
exceptional state Of affairs
The same natural law that is uperat
ing to give the farmer more for his wheat
than he could otherwise get, is giving
the laborer more for his work. Ed
ward Atkinson shows how this money
i'll the hands of what we may call capita
experts, in competition with money in
the hands OF other capital experts. is
used vastly more for the benefit of the
medium CLASS, and even of the poor
class, than it would be possible for them
to use it themselves He also calls at
tenton to what is unQuestionablv true
that it is only because there is class OF
men who are by nature money getters
and money savers, that there is, or ever
can be a large accumulation Of capital.